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The most expensive cities in the world
22 August 2009: Many of the world's regions have switched places in the UBS rankings as currencies fluctuated in the wake of the financial crisis. London, the second most expensive city in the 2006 review, plummeted nearly 20 places following the pound's steep devaluation, landing in the middle of the Western European rankings. Currency devaluation pushed down prices in many emerging market cities as well. Prices slipped the most in Mexico City, Moscow and Seoul. Despite the overall slump in average prices in Latin America, Caracas proved to be a costly place to visit. One likely reason for the massive price increases in Venezuela's capital is its high inflation rate of 30 per cent over the past three years, which a reduction in the official exchange rate, pegged to the US$ since March 2005, could not fully offset.
Rank 2009
Rank 2008
Cities
1
2
Oslo2
6
Zurich3
4
Copenhagen4
7
Geneva5
8
Tokyo6
5
New York7
9
Helsinki8
13
Vienna9
10
Paris10
3
Dublin11
15
Munich12
40
Caracas13
16
Frankfurt14
11
Luxembourg15
21
Los Angeles16
12
Stockholm17
23
Rome18
28
Lyon19
34
Dubai20
19
Brussels21
1
London22
26
Barcelona23
14
Amsterdam24
38
Singapore25
18
Chicago26
22
Madrid27
30
Berlin28
35
Hong Kong29
33
Miami30
20
Milan31
24
Toronto32
25
Montreal33
43
Tel Aviv34
29
Istanbul35
32
Lisbon36
39
Athens37
27
Nicosia38
17
Sydney39
-
Doha40
47
Ljubljana41
67
Shanghai42
42
São Paulo43
31
Seoul44
51
Riga45
36
Auckland46
49
Taipei47
52
Manama48
41
Rio de Janeiro49
54
Bratislava50
61
Bangkok51
50
Prague52
65
Beijing53
45
Tallinn54
59
Vilnius55
44
Warsaw56
37
Moscow57
46
Budapest58
55
Sofia59
60
Kiev60
69
Lima61
70
Buenos Aires62
48
Santiago63
62
Nairobi64
64
Johannesburg65
63
Jakarta66
57
Bogotá67
53
Bucharest68
58
Mexico City69
-
Cairo70
71
Kuala Lumpur71
66
Manila72
68
Delhi73
56
Mumbai
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